MediWound Ltd. (MDWD) Expected to Announce Quarterly Sales of $740,000.00
Equities analysts expect that MediWound Ltd. (NASDAQ:MDWD) will post sales of $740,000.00 for the current quarter, according to Zacks. Three analysts have issued estimates for MediWound’s earnings, with the highest sales estimate coming in at $820,000.00 and the lowest estimate coming in at $600,000.00. MediWound posted sales of $520,000.00 in the same quarter last year, which suggests a positive year-over-year growth rate of 42.3%. The firm is scheduled to announce its next quarterly earnings report on Monday, November 13th.
On average, analysts expect that MediWound will report full year sales of $740,000.00 for the current year, with estimates ranging from $2.50 million to $3.40 million. For the next year, analysts anticipate that the business will post sales of $8.70 million per share, with estimates ranging from $5.80 million to $11.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover MediWound.
MediWound (NASDAQ:MDWD) last announced its quarterly earnings results on Thursday, August 3rd. The biopharmaceutical company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.19) by $0.01. The company had revenue of $0.69 million during the quarter, compared to analysts’ expectations of $0.69 million. MediWound had a negative return on equity of 326.32% and a negative net margin of 752.78%. The firm’s revenue for the quarter was up 93.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.34) EPS.
A number of equities research analysts recently commented on the stock. Zacks Investment Research cut shares of MediWound from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Jefferies Group LLC set a $10.00 price objective on shares of MediWound and gave the company a “buy” rating in a research note on Friday, August 25th. Oppenheimer Holdings, Inc. set a $10.00 price objective on shares of MediWound and gave the company a “buy” rating in a research note on Monday, May 8th. SunTrust Banks, Inc. reissued a “buy” rating on shares of MediWound in a research note on Monday, June 26th. Finally, Aegis reissued a “buy” rating and issued a $11.00 price objective on shares of MediWound in a research note on Thursday, May 25th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $9.19.
Shares of MediWound (NASDAQ:MDWD) traded up 1.0887% during mid-day trading on Wednesday, reaching $6.2675. 3,428 shares of the company’s stock traded hands. MediWound has a 12-month low of $4.25 and a 12-month high of $8.58. The company’s market cap is $137.60 million. The company’s 50 day moving average is $6.66 and its 200 day moving average is $6.52.
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Several large investors have recently added to or reduced their stakes in MDWD. Renaissance Technologies LLC boosted its stake in MediWound by 11.9% in the fourth quarter. Renaissance Technologies LLC now owns 74,300 shares of the biopharmaceutical company’s stock valued at $340,000 after buying an additional 7,900 shares in the last quarter. Wells Fargo & Company MN boosted its stake in MediWound by 19.7% in the first quarter. Wells Fargo & Company MN now owns 53,241 shares of the biopharmaceutical company’s stock valued at $351,000 after buying an additional 8,745 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in MediWound by 20.3% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,028,112 shares of the biopharmaceutical company’s stock valued at $13,791,000 after buying an additional 342,165 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in MediWound by 11.0% in the first quarter. Wellington Management Group LLP now owns 2,157,839 shares of the biopharmaceutical company’s stock valued at $14,241,000 after buying an additional 213,745 shares in the last quarter. 23.47% of the stock is currently owned by institutional investors.
MediWound Company Profile
MediWound Ltd. is a biopharmaceutical company. The Company focuses on developing, manufacturing and commercializing therapeutics products in the fields of severe burns, chronic and other hard-to-heal wounds, connective tissue disorders and other indications. The Company’s product, NexoBrid, is indicated for the removal of dead or damaged tissue, known as eschar, in adults with deep partial- and full-thickness thermal burns, also referred to as severe burns.
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